I like the LVT story, but the quarterly is a bit of a shocker. These guys burn cash like nobodies business.
I looked at buying LVT, but just can't bring myself to, whilst their cash burn is so great....
Some basic numbers...
ARR - $18m
Growth - 272% ish
Cash burn - $11m a quarter.
Company value - $220m
Compare this to IME
Total Contract Value - $14.5m
ARR - Over $3M
Growth - ARR 6x over 2 years
Cash Burn - Profitable
Company Value - $34m
Whilst not a straight comparision, I would rather a smaller, profitable, growing company, than one that is burning mass amounts of cash, and looking to having to do another cap raising in the near future.
Don't get me wrong, I like the LVT product (my background is IT), but they seriously need to get their spending under control.
LVT Price at posting:
36.0¢ Sentiment: None Disclosure: Not Held
